tr trenchment. >> well, we highlighted in the blackrock institute mid-year outlook piece, there are plenty of opportunities that we are seeing in the fixed income, and invent grade corporates are at a tracktive area there, and giving you extra yield, but the investors are faced with the scarcity of safe assets, and so hi higher quality credit is a sweet spot for those investors who are basing that scarcity as a safe asset. >> and jeff, of the bigger picture here, and arguably a mania that is now e sweeping the world as people are chasing that wherever they may find the dividend and they will chase it around the world, and push the yields lower, and it is becoming illogical, and it will correct in time. what do you think of that broader argument? >> well, you have to put that broader argument, and a little bit of the narrative spinning going on there, and remember that the whole point of zero interest rates, and bernanke called it the portfolio balance channel is to encourage this type of the behavior, an encourage greater risk taking when you have less yields available. so what we saw over the course of brexit when it comes to the the bond market is tha